https://www.taxtmi.com/caselaws?id=208162 Admitted inadmissible CENVAT credit and corresponding interest were treated as settled under the statutory settlement scheme because the dues had been fully paid and the Revenue raised no objection after verification. The Commission granted settlement of duty and interest accordingly. Because the credit had been knowingly availed, total immunity from penal consequences was declined; however, prompt payment, cooperation during investigation and settlement, and unconditional clearance of the goods were treated as mitigating factors. Fine was not imposed, limited penalty relief was granted, and immunity from prosecution was granted under the settlement provisions. en-us Wed, 05 Jan 2011 00:00:00 +0530 Mon, 02 Jan 2012 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208162 Admitted inadmissible CENVAT credit and corresponding interest were treated as settled under the statutory settlement scheme because the dues had been fully paid and the Revenue raised no objection after verification. The Commission granted settlement of duty and interest accordingly. Because the credit had been knowingly availed, total immunity from penal consequences was declined; however, prompt payment, cooperation during investigation and settlement, and unconditional clearance of the goods were treated as mitigating factors. Fine was not imposed, limited penalty relief was granted, and immunity from prosecution was granted under the settlement provisions. Case-Laws Central Excise Wed, 05 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208162